Section 5-124 - Proceeding to dissolve professional corporation. - Maryland Statutes

§ 5-124. Proceeding to dissolve professional corporation.
 

The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if: 

(1) The Department or a licensing unit with jurisdiction over a professional service described in the corporation's articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle; 

(2) The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and 

(3) The Department or licensing unit certifies to the Attorney General: 

(i) A description of the violation; 

(ii) That it notified the corporation of the violation; and 

(iii) That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur. 
 

[1993, ch. 413, § 2; 1994, ch. 3, § 1.]